Windfall from renewables scheme

Quick Summary:

The much-delayed second phase of the renewables scheme is expected to be revived this month, with a new auction for renewable energy projects expected to draw both existing and new investors.

Authorities are keen to boost clean energy usage after former premier Prayut Chan-o-cha announced in 2021 at the 26th UN Climate Change Conference that Thailand would be more aggressive in addressing climate change, striving to reach carbon neutrality, a balance between carbon dioxide emissions and absorption, by 2050, along with a net-zero target by 2065.

Under Thailand's new power development plan, scheduled to be implemented from this year to 2037, renewable energy should comprise 51% of total fuel use by 2037, up from 20% at the end of last year, while coal and gas decline to 48%, down from nearly 80% early this year.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Scheme Development Expected Wires Electrical Capacity Phase Energy Projects Renewable Power

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 05:18:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 901 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23002424

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Official Website: bangkokpost.com

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